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Ashtead Group
-7.62%
Services & consulting / Equipment Rental and Services
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The Ashtead Group is a UK-based company that specializes in equipment rental for both construction and industrial applications. The company was founded in 1947 and has grown to become one of the largest equipment rental companies in the world. Ashtead operates under two main brands, Sunbelt Rentals in the US and Canada, and A-Plant in the UK. The company provides a diverse range of equipment services such as plant machinery, tools, and temporary accommodation, as well as offering specialist services such as safety monitoring and training. Ashtead has operations in the UK, US, Canada, and several other countries. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
What is special about the company?
There are a few things that make the Ashtead Group company unique and special.
1. Global Presence: Ashtead Group is an international company with operations in the United Kingdom, North America, and Canada. This allows the company to have a global reach and cater to a diverse range of markets and industries.
2. Focus on Equipment Rental: Ashtead Group specializes in the rental of industrial and construction equipment. This focus allows the company to have a deep understanding of the equipment rental market and offer tailored solutions to its customers.
3. Strong Customer Relationships: Ashtead Group has a strong focus on building long-term customer relationships. The company invests in building trust and loyalty with its customers through reliable service, quality equipment, and responsive support.
4. Highly Resilient Business Model: Ashtead Group's business model is based on a fleet ownership strategy, where the company owns a large pool of equipment and rents it out to customers. This helps the company to maintain a stable income stream even during economic downturns.
5. Commitment to Sustainability: Ashtead Group is committed to promoting sustainable business practices. The company focuses on reducing its environmental impact, promoting employee safety, and supporting its local communities.
6. Constant Innovation: Ashtead Group continuously invests in the latest technology and equipment to provide its customers with high-quality and efficient solutions. The company's dedication to innovation helps it stay ahead of competitors in the equipment rental industry.
7. Strong Financial Performance: Ashtead Group has a track record of strong financial performance, with consistent growth in revenue and profits. This stability and financial strength have helped the company weather economic challenges and expand its operations.
1. Global Presence: Ashtead Group is an international company with operations in the United Kingdom, North America, and Canada. This allows the company to have a global reach and cater to a diverse range of markets and industries.
2. Focus on Equipment Rental: Ashtead Group specializes in the rental of industrial and construction equipment. This focus allows the company to have a deep understanding of the equipment rental market and offer tailored solutions to its customers.
3. Strong Customer Relationships: Ashtead Group has a strong focus on building long-term customer relationships. The company invests in building trust and loyalty with its customers through reliable service, quality equipment, and responsive support.
4. Highly Resilient Business Model: Ashtead Group's business model is based on a fleet ownership strategy, where the company owns a large pool of equipment and rents it out to customers. This helps the company to maintain a stable income stream even during economic downturns.
5. Commitment to Sustainability: Ashtead Group is committed to promoting sustainable business practices. The company focuses on reducing its environmental impact, promoting employee safety, and supporting its local communities.
6. Constant Innovation: Ashtead Group continuously invests in the latest technology and equipment to provide its customers with high-quality and efficient solutions. The company's dedication to innovation helps it stay ahead of competitors in the equipment rental industry.
7. Strong Financial Performance: Ashtead Group has a track record of strong financial performance, with consistent growth in revenue and profits. This stability and financial strength have helped the company weather economic challenges and expand its operations.
What the company's business model?
The Ashtead Group is a specialist rental equipment company, providing a range of construction and industrial equipment for rent. Their business model is based on a rental-only strategy, with the majority of their revenue coming from the rental of equipment to customers on a short-term basis.
The company has two main operating segments: Sunbelt, which operates in the North American market, and A-Plant, which operates in the UK market. Both segments offer a wide range of equipment for rent, including tools, construction equipment, industrial forklifts, pumps, power generation equipment, and more.
Ashtead's business model is built on the idea that renting equipment is a more cost-effective and efficient option for customers than purchasing and maintaining their own equipment. This allows customers to access the latest technology and equipment without the high upfront costs of purchasing and owning it.
The company also prides itself on its strong customer service and technical support, which is a key aspect of their business model. They have a large fleet of well-maintained equipment, and offer delivery, training, and technical support services to ensure customer satisfaction.
In addition to their core rental business, Ashtead also offers ancillary services such as damage waivers, fuel management, and equipment repair and maintenance. These additional services help to increase the value proposition for customers and provide additional sources of revenue for the company.
Overall, Ashtead's business model is focused on providing high-quality equipment and services to customers on a rental basis, while also maintaining strong customer relationships and driving profitable growth.
The company has two main operating segments: Sunbelt, which operates in the North American market, and A-Plant, which operates in the UK market. Both segments offer a wide range of equipment for rent, including tools, construction equipment, industrial forklifts, pumps, power generation equipment, and more.
Ashtead's business model is built on the idea that renting equipment is a more cost-effective and efficient option for customers than purchasing and maintaining their own equipment. This allows customers to access the latest technology and equipment without the high upfront costs of purchasing and owning it.
The company also prides itself on its strong customer service and technical support, which is a key aspect of their business model. They have a large fleet of well-maintained equipment, and offer delivery, training, and technical support services to ensure customer satisfaction.
In addition to their core rental business, Ashtead also offers ancillary services such as damage waivers, fuel management, and equipment repair and maintenance. These additional services help to increase the value proposition for customers and provide additional sources of revenue for the company.
Overall, Ashtead's business model is focused on providing high-quality equipment and services to customers on a rental basis, while also maintaining strong customer relationships and driving profitable growth.
Interesting facts about the company
1. The Ashtead Group is a British company that specializes in the rental of industrial equipment, primarily to the construction and industrial sectors.
2. The company was founded in 1947 by Peter Siddall as Ashtead Plant and Tool Hire Company.
3. The company’s headquarters are in London, England, but it also has operations in North America through its subsidiary, Sunbelt Rentals.
4. Ashtead Group is listed on the London Stock Exchange and is a component of the FTSE 100 index.
5. The company’s key business strategy is focused on organic growth, supplemented by selective acquisitions.
6. Ashtead Group’s main competitors include United Rentals, Herc Rentals, and Ryder System.
7. The company has a fleet of over 700,000 rental units and operates in over 1,200 locations across the United Kingdom, United States, and Canada.
8. In 2019, Ashtead Group reported revenue of £5.58 billion and employed around 19,000 people.
9. The company has a strong commitment to sustainability and was included in the Dow Jones Sustainability Index for four consecutive years.
10. Ashtead Group has a diversified portfolio of equipment rental services, including aerial work platforms, power generation, forklifts, and material handling equipment.
11. The company has received numerous awards and recognition for its excellent customer service and industry-leading practices.
12. One of the notable projects that Ashtead Group has contributed to is the construction of the London Olympic Stadium in 2012, where it supplied a range of equipment and expertise.
13. Ashtead Group has a strong focus on health and safety and has implemented several initiatives to promote a safe working environment for its employees and customers.
14. The company’s annual subsidiary, Sunbelt Rentals, has been recognized as the largest rental company in the United States by the American Rental Association.
15. In February 2020, Ashtead Group announced a record-breaking revenue of £1.3 billion for the third quarter of its financial year, a 15% increase from the previous year.
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2. The company was founded in 1947 by Peter Siddall as Ashtead Plant and Tool Hire Company.
3. The company’s headquarters are in London, England, but it also has operations in North America through its subsidiary, Sunbelt Rentals.
4. Ashtead Group is listed on the London Stock Exchange and is a component of the FTSE 100 index.
5. The company’s key business strategy is focused on organic growth, supplemented by selective acquisitions.
6. Ashtead Group’s main competitors include United Rentals, Herc Rentals, and Ryder System.
7. The company has a fleet of over 700,000 rental units and operates in over 1,200 locations across the United Kingdom, United States, and Canada.
8. In 2019, Ashtead Group reported revenue of £5.58 billion and employed around 19,000 people.
9. The company has a strong commitment to sustainability and was included in the Dow Jones Sustainability Index for four consecutive years.
10. Ashtead Group has a diversified portfolio of equipment rental services, including aerial work platforms, power generation, forklifts, and material handling equipment.
11. The company has received numerous awards and recognition for its excellent customer service and industry-leading practices.
12. One of the notable projects that Ashtead Group has contributed to is the construction of the London Olympic Stadium in 2012, where it supplied a range of equipment and expertise.
13. Ashtead Group has a strong focus on health and safety and has implemented several initiatives to promote a safe working environment for its employees and customers.
14. The company’s annual subsidiary, Sunbelt Rentals, has been recognized as the largest rental company in the United States by the American Rental Association.
15. In February 2020, Ashtead Group announced a record-breaking revenue of £1.3 billion for the third quarter of its financial year, a 15% increase from the previous year.
See Company Due Diligence:
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